Beyoncé and Jay-Z’s 10-yr-old daughter enters $80K bid for diamond earrings at art gala

Jaws dropped Saturday night at a celebrity-filled gala when Blue Ivy Carter, the 10-year-old daughter of entertainers Beyoncé and Jay-Z entered a bidding war exceeding $100,000.

As part of celebrating five years of the WACO Theater Center, Where Art Can Occur, the Los Angeles, California cultural institution hosted its annual auction, the Wearable Art Gala. Attendees included Magic Johnson, Terry Crews, Angela Bassett and Tyler Perry in the room that cheered as the child rose at the last moment to place a bid for $80,000.

Seen in video posted on social media, the young millionaire, whose net worth was valued at roughly $500 million, stood waving her paddle in an attempt to win the auction for a pair of $80,000 Lorraine Schwartz diamond earrings.

Auctioneer Keke Palmer looked visibly stunned when Blue Ivy made her bid leading into a war that pitted the wealthy adolescent against Mielle Organics founder Monique Rodriguez and husband Melvin Rodriguez who ultimately won the jewelry with a bid of $105,000.

This wasn’t Blue Ivy’s first time losing a bidding war as in 2018, while only six years old, she had challenged Perry in an auction for an acrylic painting of Sidney Poitier in his youth at that year’s Wearable Art Gala. While a considerably smaller bid of $19,000, the famed actor and director outbid her for $20,000 and Jay-Z seemed to intercede before further bidding could take place.

However, Blue Ivy didn’t walk away empty-handed as Vanity Fair reported she won an auction for a 3′ x 3′ piece of art made from medical books from California and law books from Indiana that year with a bid for $10,000.

Worth noting is the fact that the WACO Theater Center was founded by her grandparents Richard and Tina Knowles Lawson and credits itself as “one of the few cultural institutions in the country providing contemporary performing and visual arts of the African Diaspora.

This year’s event embraced a Harlem Nights theme celebrating fashion from the 1920s through the 1950s while sticking to the center’s aim of providing a platform for artists and young people to showcase their creativity.

As it happened, at the 2018 event, Beyoncé was honored by former first lady Michelle Obama for her philanthropy, saying in a pre-recorded message, “At a time where so many people are feeling afraid and looking inward, honey, you give us the courage to reach out across every divide–race, class, gender, geography. It has been a joy to work with you on issues we care about and witness your outstanding work firsthand. Because millions of girls around the world love you and admire you–including my daughters–it means even more that they see you standing up for others. I love you. I am inspired by you. I’m so honored and proud of everything that you have achieved and everything that you have contributed to our country and our world.”



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